Highlights: Gross Domestic Product (GDP) and Consumer Spending The GDP growth in the second quarter was revised up to 3.0% annualized from the initially estimated 2.8%. Personal Consumption The Personal Consumption Expenditure Index (PCE), the key gauge of inflation that…
Updated, Sept. 6, 2024 – New-vehicle sales volumes increased month over month and year over year in August, as forecast by Cox Automotive. Year-over-year sales volumes last month are now estimated at 1.42 million, slightly lower than our team’s 1.44 million…
ATLANTA, Aug. 26, 2024 – No road trip is complete without a furry companion in tow, but just like people, some dogs are anxious during long car rides. According to Dr. Veronica Higgs, Veterinary Services Manager with Chewy, “Car anxiety…
Highlights: Fed’s Rate Cut Anticipation Last week was a big week for gathering further insights into the Fed’s likely course of action in its next decision on monetary policy on Sept. 18. The notes from the July meeting were released,…
Welcome to the monthly Manheim Market Insights update. Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive, offers a monthly check-in on what we are seeing in the used wholesale and retail markets, all through the wide lens…
Cox Automotive’s Auto Market Report video delivers a comprehensive analysis of the current automotive market. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. This video covers a wide range of topics, including consumer…
Highlights: Headline Inflation and Core CPI The July CPI report affirmed continued declines in year-over-year inflation to the lowest level since March 2021. Shelter drove 90% of the July monthly increase, and without shelter, inflation is under the Fed’s target.…
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.5% from July in the first 15 days of August. The mid-month Manheim Used Vehicle Value Index increased to 202.6, which was down 4.5% from the full month…
While the world’s attention was fixated on the Summer Olympics in Paris, a different kind of global competition is also unfolding. China, a leader in both sports and manufacturing, is sprinting towards supremacy in the global electric vehicle market. Unlike…
ATLANTA – August 16, 2024 – On its journey to transform the vehicle transportation experience for shippers, brokers and carriers, Central Dispatch today unveiled its completely reimagined marketplace. Built with client feedback top of mind, this significantly enhanced experience simplifies…
